Crypto expert Andrea has shared a quarterly scenario for Bitcoin, showing that the flagship crypto could suffer a massive crash. This crash is expected to follow The recovery of BTC and an end-of-year rally to new highs.
Expert Projects Bitcoin Crashing to $60,000 After Recovering to New Highs
In one X messageAndrea shared an accompanying chart showing that Bitcoin could eventually crash to $60,000, with the crash expected sometime in mid-2026. Before then, however, the crypto expert predicted that BTC could still soar to new highs despite the recent crash below the limit psychological level of $100,000.
Related reading
Specifically, he revealed a potential three-month scenario for Bitcoin, stating that he expects a year-end rally of at least $115,000-$116,000. The crypto expert added that if BTC can break that level, it could rise to $135,000 and $140,000, which will mark a new level. All-time highs (ATHs) for the flagship crypto.
However, Andrea stated that the special thing about this pump will be that BTC dominance decreases, with altcoins outperforming the flagship crypto. This analysis comes amid Bitcoin’s latest crashes below $90,000which marked a seven-month low for BTC. Particularly an experienced trader Peter Brandt predicted it that this decline could extend further, with the flagship crypto falling to as low as $58,000.
Brandt wondered if Bitcoin’s dramatic reversal on November 11, followed by eight days of lower highs and the completion of a huge widening crestqualifies as a bear market. He added that the targeted goals are $81,000 and $58,000. The veteran trader also noted that those who claim they will be big buyers at $58,000 will be vomiters by the time BTC reaches $60,000.
BTC is suffering from a megaphone pattern collapse
Crypto analyst Colin revealed that Bitcoin has left the megaphone pattern. He noted that without a quick recovery in the next two days, this would indicate that BTC is heading down a path bear market. He opined that this bear market may be less intense due to diminishing returns and diminishing losses per cycle.
Related reading
The analyst repeated that as the Bitcoin price If the 50-week moving average can be reclaimed before the week is out, this could be a bullish outlook for the flagship crypto. Until then, however, he noted that it’s better to assume a bear market or larger correction is the most likely scenario. Colin has also raised the possibility that BTC will follow the ISM (business cycle) higher next year, after this correction period. If that happens, the bear market could be short-lived.
At the time of writing, the Bitcoin price is trading around $93,000, up almost 2% in the past 24 hours. facts from CoinMarketCap.
Featured image of Pngtree, chart from Tradingview.com